SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of MDC Partners Inc. of Pendency of Class Action Lawsuit & a L...
September 24 2015 - 4:32PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of MDC Partners Inc. (“MDC”)
(NASDAQ:MDCA) between September 24, 2013
and April 27, 2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Southern District of
New York. If you purchased or otherwise acquired MDC securities
between September 24, 2013 and April 27, 2015, inclusive, your
rights may be affected by this action. To get more information
go to:
http://zlk.9nl.com/mdc-partners-mdca
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
According to the complaint, throughout the Class Period
defendants issued materially false and misleading statements and/or
failed to disclose material information. On April 27, 2015 the
Company announced its financial results for the first quarter ended
March 31, 2015. The Company also announced that: (a) it had been
actively cooperating with an SEC investigation relating to the
reimbursement of expenses incurred by CEO Miles Nadal; (b) that Mr.
Nadal had agreed to reimburse the Company $8.6 million, (c) during
the quarter ended March 31, 2015, the Company incurred
approximately $5.8 million in legal fees and other related expenses
relating to the inquiry; and (d) the Company reassigned its CFO,
Michael Sabatino, to a new role in the Company.
If you suffered a loss in MDC you have until September 29, 2015 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150924006454/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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